Study #: 3899 | Published: 09/2020 | Pages: 112 | Individual User License: US$ 3,900

Demand for TPEs used in medical products is forecast to rise 5.3% per year to 190,000 metric tons in 2024, continuing the strong growth of the 2014-2019 period. Although many TPE markets are expected to decline in 2020 due to the impact of the COVID-19 pandemic, the medical market is expected to fare relatively well, with some demand growth arising from increasing healthcare utilization worldwide. Still, the market in 2020 will be restrained to an extent by the cancellation or postponement of some “nonessential” healthcare visits.

Shift Away From PVC & Thermoset Rubber to Boost Demand for TPEs

Over the long term, the medical market’s strength derives from a shift away from use of PVC and other products that contain plasticizers in manufacture of medical products. This shift will be most noticeable in developed markets, where a material’s health impacts are often a key consideration when designing and purchasing supplies. In addition, the faster processing speeds of TPEs compared to thermoset rubber makes TPEs attractive for many manufacturers.

As a result, TPEs – namely SBCs, TPUs, TPOs, and TPVs – are making significant market inroads in applications such as IV bags and tubing.

North America Is the Largest Market, but the Asia/Pacific Region Is Gaining Share

Unlike for most TPE end-uses, North America has historically been the largest market for medical TPEs – with a 39% market share in 2019 – due largely to the mature and technologically advanced medical device industry in the US, as well as the country’s healthcare spending per capita, which is the highest globally.

While North America is expected to remain a significant market through 2024, the Asia/Pacific region is quickly gaining market share in medical TPEs and, by 2024, it will nearly be on par with North America. Strong growth in medical TPE demand in the Asia/Pacific is driven by:

  • ongoing uptake of TPEs in medical product manufacturing
  • healthy growth in healthcare spending in the region

Growth for TPOs & TPUs Will Benefit From Properties Useful in Medical Products

While SBCs will remain the most used due to their high level of chemical resistance and flexibility, TPUs and TPOs will post faster gains through 2024. In medical applications, TPUs are mostly used in hoses and tubing due to the fact that thermoplastic polyurethanes:

  • have excellent chemical resistance
  • rarely cause allergic reactions
  • contain no plasticizers

TPOs offer durability, low thermal expansion, and UV resistance, making them good choices for products requiring sterilization.


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Table of Contents

1. Executive Summary

2. About This Report

Report Details

Study Scope & Product Description

Near-Term Impact of COVID-19 Pandemic

3. Overview

Historical Market Trends

Demand by Elastomer Type

Demand by Region

Pricing Trends

Leading Producers

4. North America

North America: Demand by Country

United States

Canada

Mexico

5. Central & South America

Central & South America: Demand by Country

Brazil

Other Central & South America

6. Western Europe

Western Europe: Demand by Country

Germany

France

United Kingdom

Italy

Spain

Other Western Europe

7. Eastern Europe

Eastern Europe: Demand by Country

Russia

Other Eastern Europe

8. Asia/Pacific

Asia/Pacific: Demand by Country

China

South Korea

Japan

India

Thailand

Taiwan

Other Asia/Pacific

9. Africa/Mideast

10. Appendix

Scope

Definitions

Freedonia Methodology

Study-Specific Methodology

Sources

Associations & Agencies

Related Studies & Reports

Country Lists by Region

Macroeconomic Assumptions

Global Economic Environment

Global Demographic Trends


List of Tables

3. Overview

Table 3-1 | Global Medical Thermoplastic Elastomer Demand, 2004 - 2019 (thousand metric tons)

Table 3-2 | Global Medical Thermoplastic Elastomer Demand by Product, 2009 - 2024 (thousand metric tons)

Table 3-3 | Global Medical Thermoplastic Elastomer Demand by Region, 2009 - 2024 (thousand metric tons)

4. North America

Table 4-1 | North America: Medical Thermoplastic Elastomer Demand by Country, 2009 - 2024 (thousand metric tons)

Table 4-2 | United States: Medical Thermoplastic Elastomer Demand by Product, 2009 - 2024 (thousand metric tons)

Table 4-3 | Canada: Medical Thermoplastic Elastomer Demand by Product, 2009 - 2024 (thousand metric tons)

Table 4-4 | Mexico: Medical Thermoplastic Elastomer Demand by Product, 2009 - 2024 (thousand metric tons)

5. Central & South America

Table 5-1 | Central & South America: Medical Thermoplastic Elastomer Demand by Country, 2009 - 2024 (thousand metric tons)

Table 5-2 | Brazil: Medical Thermoplastic Elastomer Demand by Product, 2009 - 2024 (thousand metric tons)

Table 5-3 | Other Central & South America: Medical Thermoplastic Elastomer Demand by Product, 2009 - 2024 (thousand metric tons)

6. Western Europe

Table 6-1 | Western Europe: Medical Thermoplastic Elastomer Demand by Country, 2009 - 2024 (thousand metric tons)

Table 6-2 | Germany: Medical Thermoplastic Elastomer Demand by Product, 2009 - 2024 (thousand metric tons)

Table 6-3 | France: Medical Thermoplastic Elastomer Demand by Product, 2009 - 2024 (thousand metric tons)

Table 6-4 | United Kingdom: Medical Thermoplastic Elastomer Demand by Product, 2009 - 2024 (thousand metric tons)

Table 6-5 | Italy: Medical Thermoplastic Elastomer Demand by Product, 2009 - 2024 (thousand metric tons)

Table 6-6 | Spain: Medical Thermoplastic Elastomer Demand by Product, 2009 - 2024 (thousand metric tons)

Table 6-7 | Other Western Europe: Medical Thermoplastic Elastomer Demand by Product, 2009 - 2024 (thousand metric tons)

7. Eastern Europe

Table 7-1 | Eastern Europe: Medical Thermoplastic Elastomer Demand by Country, 2009 - 2024 (thousand metric tons)

Table 7-2 | Russia: Medical Thermoplastic Elastomer Demand by Product, 2009 - 2024 (thousand metric tons)

Table 7-3 | Other Eastern Europe: Medical Thermoplastic Elastomer Demand by Product, 2009 - 2024 (thousand metric tons)

8. Asia/Pacific

Table 8-1 | Asia/Pacific: Medical Thermoplastic Elastomer Demand by Country, 2009 - 2024 (thousand metric tons)

Table 8-2 | China: Medical Thermoplastic Elastomer Demand by Product, 2009 - 2024 (thousand metric tons)

Table 8-3 | South Korea: Medical Thermoplastic Elastomer Demand by Product, 2009 - 2024 (thousand metric tons)

Table 8-4 | Japan: Medical Thermoplastic Elastomer Demand by Product, 2009 - 2024 (thousand metric tons)

Table 8-5 | India: Medical Thermoplastic Elastomer Demand by Product, 2009 - 2024 (thousand metric tons)

Table 8-6 | Thailand: Medical Thermoplastic Elastomer Demand by Product, 2009 - 2024 (thousand metric tons)

Table 8-7 | Taiwan: Medical Thermoplastic Elastomer Demand by Product, 2009 - 2024 (thousand metric tons)

Table 8-8 | Other Asia/Pacific: Medical Thermoplastic Elastomer Demand, 2009 - 2024 (thousand metric tons)

9. Africa/Mideast

Table 9-1 | Africa/Mideast: Medical Thermoplastic Elastomer Demand by Product, 2009 - 2024 (thousand metric tons)

10. Appendix

Table 10-1 | Relevant HS Codes

Table 10-2 | Relevant NAICS & SIC Codes

Table 10-3 | Relevant NACE Codes

Table 10-4 | Countries in North America

Table 10-5 | Countries in Central & South America

Table 10-6 | Countries in Western Europe

Table 10-7 | Countries in Eastern Europe

Table 10-8 | Countries in the Asia/Pacific Region

Table 10-9 | Countries in the Africa/Mideast Region

Table 10-10 | Global Gross Domestic Product by Region & Country, 2009 - 2024 (billion 2018 dollars)

Table 10-11 | Global Population by Region & Country, 2009 - 2024 (million persons)


List of Figures

1. Executive Summary

Figure 1-1 | Global Medical Thermoplastic Elastomer Market Outlook

3. Overview

Figure 3-1 | Global Medical Thermoplastic Elastomer Demand, 2009 - 2019 (thousand metric tons)

Figure 3-2 | Global Medical Thermoplastic Elastomer Volume Demand Growth by Product, 2009 - 2024 (% CAGR)

Figure 3-3 | Global Medical Thermoplastic Elastomer Demand Share by Region, 2009 - 2024 (thousand metric tons)

4. North America

Figure 4-1 | North America: Medical Thermoplastic Elastomer Demand by Country, 2009 - 2024 (thousand metric tons)

Figure 4-2 | United States: Medical Thermoplastic Elastomer Demand, 2009 - 2024 (thousand metric tons)

Figure 4-3 | Canada: Medical Thermoplastic Elastomer Demand, 2009 - 2024 (thousand metric tons)

Figure 4-4 | Mexico: Medical Thermoplastic Elastomer Demand, 2009 - 2024 (thousand metric tons)

5. Central & South America

Figure 5-1 | Central & South America: Medical Thermoplastic Elastomer Demand by Country, 2009 - 2024 (thousand metric tons)

Figure 5-2 | Brazil: Medical Thermoplastic Elastomer Demand, 2009 - 2024 (thousand metric tons)

Figure 5-3 | Other Central & South America: Medical Thermoplastic Elastomer Demand, 2009 - 2024 (thousand metric tons)

6. Western Europe

Figure 6-1 | Western Europe: Medical Thermoplastic Elastomer Demand by Country, 2009 - 2024 (thousand metric tons)

Figure 6-2 | Germany: Medical Thermoplastic Elastomer Demand, 2009 - 2024 (thousand metric tons)

Figure 6-3 | France: Medical Thermoplastic Elastomer Demand, 2009 - 2024 (thousand metric tons)

Figure 6-4 | United Kingdom: Medical Thermoplastic Elastomer Demand, 2009 - 2024 (thousand metric tons)

Figure 6-5 | Italy: Medical Thermoplastic Elastomer Demand, 2009 - 2024 (thousand metric tons)

Figure 6-6 | Spain: Medical Thermoplastic Elastomer Demand, 2009 - 2024 (thousand metric tons)

Figure 6-7 | Other Western Europe: Medical Thermoplastic Elastomer Demand, 2009 - 2024 (thousand metric tons)

7. Eastern Europe

Figure 7-1 | Eastern Europe: Medical Thermoplastic Elastomer Demand by Country, 2009 - 2024 (thousand metric tons)

Figure 7-2 | Russia: Medical Thermoplastic Elastomer Demand, 2009 - 2024 (thousand metric tons)

Figure 7-3 | Other Eastern Europe: Medical Thermoplastic Elastomer Demand, 2009 - 2024 (thousand metric tons)

8. Asia/Pacific

Figure 8-1 | Asia/Pacific: Medical Thermoplastic Elastomer Demand by Country, 2009 - 2024 (thousand metric tons)

Figure 8-2 | China: Medical Thermoplastic Elastomer Demand, 2009 - 2024 (thousand metric tons)

Figure 8-3 South Korea: Medical Thermoplastic Elastomer Demand, 2009 - 2024 (thousand metric tons)

Figure 8-4 | Japan: Medical Thermoplastic Elastomer Demand, 2009 - 2024 (thousand metric tons)

Figure 8-5 | India: Medical Thermoplastic Elastomer Demand, 2009 - 2024 (thousand metric tons)

Figure 8-6 | Thailand: Medical Thermoplastic Elastomer Demand, 2009 - 2024 (thousand metric tons)

Figure 8-7 | Taiwan: Medical Thermoplastic Elastomer Demand, 2009 - 2024 (thousand metric tons)

Figure 8-8 | Other Asia/Pacific: Medical Thermoplastic Elastomer Demand, 2009 - 2024 (thousand metric tons)

9. Africa/Mideast

Figure 9-1 Africa/Mideast: Medical Thermoplastic Elastomer Demand, 2009 - 2024 (thousand metric tons)

10. Appendix


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